- IOTA Rebased upgrade pushed its TVL to $36M, driven by 13% staking yields, MoveVM smart contracts, and growing network adoption.
- The token trades near $0.199, with technical patterns suggesting a potential breakout toward $0.50.
IOTA has entered a new growth phase following its Rebased upgrade, which has propelled the network’s total value locked (TVL) to an impressive $36 million. With staking yields of 13% and improved decentralization, the upgrade has positioned IOTA as a competitive player in the evolving DeFi and gaming ecosystem.
ALSO READ:IOTA Launches TWIN to Revolutionize Global Trade with WEF
IOTA TVL Growth Fueled by Staking Platforms
The surge in TVL reflects both retail and institutional interest in IOTA’s staking opportunities. Liquid staking platform Swirl saw its TVL climb 2.8% to $17.14 million, while Pools Finance and Virtue contributed $11 million and $8.14 million, respectively. This collective growth underscores how new validators and staking rewards have made IOTA increasingly attractive to investors.
MoveVM Smart Contracts Boost DeFi and Gaming
A key feature of the upgrade was the integration of MoveVM smart contracts, enabling developers to deploy decentralized applications across sectors like DeFi and gaming. This innovation not only enhances IOTA’s utility but also drives higher adoption. Over the last 30 days, the network processed 779,900 transactions, marking a 31% increase and highlighting its growing user activity.
Price Action Signals Potential Bullish Breakout
IOTA’s token price reflects this momentum, trading near $0.199, representing a 40% year-to-date gain from its lowest point earlier this year. Technical analysis points to a bullish double-bottom pattern formed at $0.1420 in April and June, with the critical neckline at $0.2742. If breached, analysts project a potential rally toward $0.50, a gain of 151% from current levels.
The token has already broken above the 50-day and 100-day moving averages, with indicators like the RSI and MACD consolidating ahead of a possible breakout. However, failure to hold above the neckline could dampen bullish expectations and reintroduce uncertainty.
What’s Next for IOTA?
The combination of attractive staking yields, expanding dApp opportunities, and growing network activity has positioned IOTA as a serious contender among next-generation blockchain platforms. While retail investors remain drawn to high yields, institutional players are beginning to recognize IOTA’s improved fundamentals. The question now is whether IOTA can sustain its growth and challenge more established competitors in the layer-1 space.
ALSO READ:IOTA Wallets Surpass 600,000 as E-Sports Fan Tokens Drive Growth
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
About the Author
